Yerevan /Mediamax/. “Ameriabank” assets doubled in 2009, making 103bln 503mln AMD as of the end of the year.

Mediamax reports that “Ameriabank” General Director Artak Anesyan said this today.

According to him, the bank’s liabilities concerning the customers tripled, making 69.1bln AMD. The general liabilities of the bank also increased threefold in 2009, making 81.8bln AMD.

General Director of the bank noted that as to the growth speed of all above-mentioned indices, “Ameriabank” occupies the first place in the banking system of Armenia.

According to Artak Anesyan, credit investments of the bank increased by 73% in 2009 (the second place in the banking system as to growth speed), making 54.07bln AMD. The share of idle assets in the bank’s credit portfolio made 0.17% following the results of the year.

The bank registered 7% capital growth in 2009 due to net profit, which made 1.517bln AMD. “As to the volume of profit, the bank occupied the 4th place in the banking system, although it did not focus on increase of profitability”, Artak Anesyan stated.

Speaking about other achievements of the bank in 2009, Artak Anesyan noted that due to the program of 100% insurance of individual’s deposits, realized by the bank in partnership with “Rosgosstrakh” Insurance Company, the deposites of individual customers of the bank increased 7.5 times.

“In 2009, the bank moved to a new building, introduced the service of internet banking, started implementation of Customer Relation Management (CRM) system, opened 2 branches in Yerevan and Kajaran and attracted $50mln loan means from international financial institutions”, Artak Anesyan stated.

He informed that in 2010, the bank also intends to attract $50mln from international financial institutions, open 3 new branches, 2 of which outside Yerevan, implement a service of structural deposits, as well as work in the sphere of developing management of pension assets.

According to the General Director of “Ameriabank”, in 2010 the bank plans to secure 25% growth of assets, 30% growth of crediting and 10% growth of capital.

“The bank also implements the tool of equity financing and intends to allocated $3mln for this direction this year”, Artak Anesyan stated, noting that the bank is considering about 30 possible programs for equity financing now, one of which has already received tentative approval.